Austrian Ambassador to Iran Stefan Scholz announced that the European countries are doing their best efforts to find a secure channel for financial interactions with Tehran.

"At present, the financial interactions are our biggest problem and the European states are intensely trying to resolve the problem," Scholz said in a meeting with economic activists in the Central province of Markazi on Wednesday.

He also reiterated the importance of the 2015 nuclear deal between Iran and the world powers for international security and non-proliferation, stressing the EU's firm determination to preserve it.

Scholz also said that EU Foreign Policy Chief Federica Mogherini has emphasized the necessity for Iran to benefit from the nuclear deal.

In relevant remarks last Saturday, Scholz stressed the European states' intense efforts to implement the Special Purpose Vehicle (SPV) mechanism which was promised by them to Iran back in September.

"We are after launching the SPV mechanism and are working hard on the issue. We are working on the technical issues and want to specify the economic frameworks and therefore, we have been working on it in the past few months until now and (what's why) it has lasted long and we are very hopeful that these efforts will yield results in a short period of time," Scholz told FNA.

He underlined that survival of the Joint Comprehensive Plan of Action (JCPOA) is a priority for the EU as it is the basis of cooperation with Iran, saying, "Presently, there are 15 to 16 grounds for EU's cooperation with Iran, specially in agricultural, technological and scientific fields."

His remarks came after Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi underlined the need for the European states to adopt rapid measures to implement the SPV.

Araqchi made the remarks in a meeting with Belgian Deputy Foreign Minister Bruno van der Pluijm in Brussels last Wednesday.

During the meeting, he warned that the 2015 nuclear deal between Tehran and world powers would be in danger if European countries failed to fulfill their pledge to ease the US’ pressures and let Iran reap the economic benefits of the deal.

The US withdrawal from the Iran nuclear deal in May and its “illegal” move to increase pressure on Tehran upset the balance between the Islamic Republic’s commitments under the deal and the benefits it gained from it, Araqchi said.

Under such circumstances, the failure of Europeans and other parties to ease the pressures, as they had promised to, has increased concerns about the future of the nuclear deal, he added.

Van der Pluijm, for his part, said the Europeans are hopeful they would be able to develop the SPV soon.

“We are seeking to preserve the Iran nuclear deal and believe that the JCPOA must remain intact irrespective of the US’ pullout… as there is no alternative to the accord,” he noted.

He also reaffirmed the permanent commitment of his country and other European states to defending the nuclear deal, and said the JCPOA plays a key role in international peace and security.

The SPV which was promised by Iran’s key European trading partners back in September after a meeting of foreign ministers of the remaining signatories to Iran nuclear on the sidelines of the UN General Assembly meeting in New York is supposed to keep Iran’s financial relations with Europe alive under the US sanctions.

Europeans' honesty in dealing with Iran nuclear deal of July 14, 2015 is seriously doubted by Iranian masses that are discontent with talks with European counterparts.

In contrast with what European politicians and government are stating, many experts in Iran are suspicious of Europe's genuine commitment to the letters of the nuclear agreement of July 14, 2015, and are voicing their discontent with what they describe as Europe's strategy of killing time.

Even some commentators like Seyed Mostafa Khoshchashm are calling the Iranian government to start meaningful modifications in JCPOA undertakings, and specially remove the cap on the country's enriched uranium stockpile after the US unilateral withdrawal from the agreement; a call which is gaining momentum among the Iranians.

The awaited European Union’s promise to establish the Special Purpose Vehicle (SPV) for carrying out financial transactions with Iran has not been put into place, Head of Iranian Parliament's Research Center Kazem Jalali said on Saturday, adding that EU’s procrastination is undermining public trust in Europeans.

The head of the Atomic Energy Organization of Iran said the country’s readiness to restart the process of enriching uranium to a purity level of 20 percent at the Fordow nuclear site in case efforts to save the Iran nuclear deal fail is not a bluff at all.

HYFLUX has suspended a contract for a seawater reverse osmosis desalination package in Iran, which the company said on Friday is expected to have a material adverse effect on its financial performance. NAVIN SREGANTANnavinsre@sph.com.sg@NavinSreBT

The European Bank for Reconstruction and Development, established to help foster democracy-building projects in former communist countries, is poised to adopt a strategic plan that rules out financing coal plants and mines — despite opposition from the U.S., the bank’s single biggest shareholder.

Advisor to the Iranian Parliament Speaker Hossein Amir Abdollahian said on Wednesday that the EU should undertake “practical measures” to deliver on its promises for establishing trade mechanism with non-dollar transactions.

Mobarakeh Steel Company (MSC), Iran’s largest steel company has produced 5.28 MnT crude steel during the 8 months of current Persian year (21 Mar-21 Nov’18). Crude steel production registered a growth of 12% Y-o-Y against around 4.60 MnT produced by MSC during the same period of last Persian year.

Iran, one of the largest billet exporter in MENA region is currently facing economic sanctions from US, owing to which the steel export has affected badly. Iran has exported 1,806,000 MT billet and bloom during the first seven months of current Persian year (21-Mar till 22-Oct’18).

Iran, one of the largest steelmaker in MENA has witnessed a sharp fall in graphite electrode imports. The nation, primarily produce steel through EAF, has imported 3,380 MT GE in Oct’18, registered a downfall of 60% M-o-M against 7,900 MT imported in Sep’18.

According to IMIDRO, Azerbayjani steel has bagged CE certification from Europe in order to export manufactured products to other countries, as well as to promote the brand and create an additional competitive advantage in the steel sector of the country.

Our vision

We would like to transfer the appropriate data and news to all active and authorized experts and companies in mines, metals and related industries in order to provide the mutual improvements and in a win-win game. Thus, we could make a better world!

Contact us

We would love to be in contact with our customers, experts and partners in mines, metals and related industries, thanks in advance.

CopyRights

Any kind of copying or republishing the contents of this website without our permission is forbidden.
Design and development by macromediax